What Does A business Mentor Do Exactly?

The Role Of A Business Mentor

What Is A Business Mentor

As an entrepreneur, you need to keep up with recent news, developments, and available opportunities. The web, magazines, friends, and family probably keep you updated on useful information and happenings. However in addition to getting information online, classes and your friends, having a business mentor can be invaluable to your business.

A business mentor use their experience and knowledge to provide counsel, advice, support, and encouragement with the aim of helping the mentee develop their career or business.

What a business mentor does exactly

  • Provide professional advice

Business mentors have the experience and knowledge to provide sound expert advice regarding your business venture. A business mentor is someone who has more business experience, a person who has tried different business strategies and techniques. He/she knows what works and what doesn’t work. Unlike your friends or family members, a business mentor provides advice and guidance based on real life experiences. Having been there and done that a business mentor is able to provide sounds knowledge based on his successes and failures.

  • Networking with valuable contacts

A business mentor is a person with loads of experience in his/her specific industry. This experience comes with a vast network of valuable contacts. A business mentor can help connect you with valuable contacts including suppliers, customers, partners, and other players in the market. Having a knowledgeable person introduce you to new people can help in making more solid relationships instead of meeting new contacts randomly at meetings or events

  • Helps an entrepreneur see things from a different perspective

As an entrepreneur you may be receiving all kinds of advice, ideas from your friends, families, books and even online. A business mentor can help you work out your ideas and see things in a different perspective before making a serious business decision. In addition, as an entrepreneur you may not be able to see things through the eyes of your investors, potential customers and other stakeholders. A business mentor can help a business owner understand how potential customers and investors view the business.

  • Skill development and improvement

Consultants, business coaches, and advisers most time only care about your business. A business mentor on the other hand cares not only about your business but also for you as an individual. A business mentor can help improve or develop essential business skills such as leadership, communication, teamwork skills that are important for your business success. A business mentor can help discover the areas you need to improve in and areas you need to develop.

  • Provide support, help and encouragement

A business mentor has the experience and has probably gone through the challenges and struggles you are going through as an entrepreneur. Getting help, support and help from a person who has gone through the same struggles can help you become a better and stronger businessperson. A business mentor can offer a shoulder to lean on when things get tough, without judgement or criticism. As an entrepreneur, you need all the support and encouragement you can get to encourage you and help you to stay on course and not lose hope, a business mentor will provide support and help unconditionally

  • Instil confidence

Knowing you have an expert to turn to when things get tough gives new entrepreneurs and business owners the confidence to face difficult business and life situations. A business mentor’s counsel, advice, and praise can help instil confidence in an entrepreneur. Being confident will help an entrepreneur stand his/ her ground when it comes to making important business decisions.

  •  Help entrepreneurs avoid common mistakes-

A business mentor can help an entrepreneur avoid the common mistakes that many new entrepreneurs make. From their experience, successes and failures a business mentor knows the strategies that work and which ones that do not in the industry. This helps entrepreneurs implement viable ideas and strategies while avoiding bad ones.

  • Someone to trust and rely on

Owning and operating a business can be wearisome and stressful. While you can vent with your spouse, friends, employees or customers doing so may cause instability and make your employees see you as weak. An entrepreneur can however vent with a business mentor and help solve the frustrations and stress before they affect the entrepreneur. A business mentor can work with an entrepreneur and solve the underlying cause of his/ her frustrations and stress.

Business Mentor - A Trusted Advisor

The main role of a mentor is to build a trustworthy relationship with the mentee in order to improve their ability to maintain and develop their business. Having a business mentor as an entrepreneur can go a long way in helping you succeed as an entrepreneur.

I hope this helps explain what a business mentor does, this is my job and I love it!